The online fashion retailer, backed by Anders Holch Povlsen, Holtzbrinck and Tengelmann, floated near the top of its range and could raise up to $765m before the IPO closes.

Japanese pop culture website Tokyo Otaku Mode, which is backed by YJ Capital, has raised $13.7m in funding in a three-year deal from Cool Japan Fund.

Biometric authentification company Bionym has secured $14m from a series A round backed by Salesforce.com and MasterCard.

Digital media firm Ardent Capital, already backed by Siemer & Associates, GMO and Recruit, has raised $12.5m from Sinar Mas to expand its e-commerce model into Indonesia.

Men's shoe producer Jack Erwin has now raised $11m altogether, after Brown Shoe Company joined its existing investor base.

Yahoo ended up securing $9.5bn in the offering, which broke the record previously held by Agricultural Bank of China.

The online fashion brand, backed by Tengelmann, Holtzbrinck and Anders Holch Povlsen, will use the proceeds to support growth.

The China-based e-commerce company established its place at the internet's head table with an IPO set to close at $25bn, showing the value of strategic investment.

Unilever Ventures has joined existing backer MMC Ventures in backing recipe box delivery service Gousto, which has raised $8.3m in series A funding.